Binance Futures is listing perpetuals contracts for two tokens with low market caps: YALA and CARV. These contracts will allow up to 50x leverage, attracting trader interest in this growing market.
Both assets spiked in valuation by around 9% after the announcement. Their functions are quite different, related to BTC liquidity and AI, respectively.
Binance’s Newest Perpetuals Listings
Binance, the world’s largest crypto exchange, momentarily upset the market when it delisted MEMEFI futures yesterday.
In hindsight, however, it looks like this was a way to make room for new listings. Today, Binance announced that it’s listing perpetuals contracts on two tokens with very low market caps, possibly signaling a new strategy:
To be clear, Binance Alpha already listed YALA and CARV before this. The development is in YALAUSDT and CARVUSDT perpetuals contracts, which will allow up to 50x leverage.
Low-cap tokens have been performing well in the market lately, and Binance is building another way to attract trader interest.
Two Low Cap Tokens Explained
So, what are these tokens? YALA, which had a market cap of $45 million before Binance’s listing announcement, is a Bitcoin-native liquidity protocol.
It enables users to generate yield on their BTC without selling or wrapping their tokens, and it spiked over 9% after today’s development.
CARV’s value grew roughly the same percentage after Binance’s listing announcement, but that’s where the similarities end. With a TGE around 8 months beforehand and a pre-announcement market cap of $80 million, it’s much more established.
CARV is a modular identity and data layer designed for Web3, AI, and gaming applications. It lets human users and AI agents manage and monetize data sovereignty across the digital ecosystem.
Ultimately, its mission statement takes a maximalist approach towards AI, seeking to foster a “new digital lifeform.”
What Could This Mean for Binance?
Between these additions and the MEMEFI futures delisting, this could signify that the exchange is getting interested in low-cap assets.
However, Binance has been listing a diverse set of tokens lately, and this is no exception. The performance of these new contracts could inform future strategies, but it’s too early to make a firm claim yet.
Still, this could be the start of a bigger trend. Crypto enthusiasts should watch this activity as the low-cap token market grows in popularity.
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